IETA Master Agreement
The master trading agreement prepared by the International Emissions Trading Association, a “visionary group of international companies and business associations founded to build on the economic mechanisms created by the Kyoto Protocol in order to achieve climate objectives with minimal economic harm.”
The IETA Master Agreement was the first master trading agreement for emissions allowances not long after the EU ETS was established in 2005. That perennial parker of tanks on other people’s lawns, ISDA, published its version, the Emissions Annex, as an adjunct to its 2005 ISDA Commodity Definitions some time later. They bear some odd similarities, but equally some striking differences.